Nigeria’s Foreign Reserves Surge Under Tinubu-Shettima Renewed Hope Reforms In one year, Nigeria’s Net Foreign Exchange Reserves jumped from $3.99 billion (2023) to $23.11 billion (2024) which is a +479% increase. Gross reserves also rose to $40.19 billion, reflecting strengthened external buffers, renewed investor interest, and restored confidence. What changed? • Short-term FX liabilities were cleared • Non-oil FX inflows surged • Increased Production, Output, and Exports • Reduced Imports • CBN reforms took root • Credibility is being restored This is what happens when tough decisions meet disciplined execution. For the first time in years, Nigeria is not just holding reserve. We own them. #betonnigeria Source: CBN, World Bank Infographic: statehouse•digital/The Aso Villa #renewedhope #fxreforms #cbn #statehousedigital #nigeriaforward #bolatinubu #economicstability